Fantastic Investment Opportunity! Rarely available, fully occupied 6-unit brick building-each unit offering 3 bedrooms and 1 bathroom. This well-maintained property features numerous updates, including renovated kitchens and bathrooms, updated flooring, fresh paint, and modern fixtures throughout. Major capital improvements have already been completed, with all furnaces and water heaters replaced within the past 8 years. The roof and thermopane windows are approximately 12 years old. The property offers a private driveway with ample off-street parking for up to 9 vehicles and is fully fenced for added privacy. Each unit has separate utilities,...
Fantastic Investment Opportunity! Rarely available, fully occupied 6-unit brick building-each unit offering 3 bedrooms and 1 bathroom. This well-maintained property features numerous updates, including renovated kitchens and bathrooms, updated flooring, fresh paint, and modern fixtures throughout. Major capital improvements have already been completed, with all furnaces and water heaters replaced within the past 8 years. The roof and thermopane windows are approximately 12 years old. The property offers a private driveway with ample off-street parking for up to 9 vehicles and is fully fenced for added privacy. Each unit has separate utilities, with tenants responsible for, helping to minimize owner expenses. Rents are currently below market, presenting a strong value-add opportunity with upside potential. Current cap rate is approximately 8%. Ideally located within walking distance to downtown, shops, restaurants, and public transportation, and just minutes to Walnut Park, The Hospital of Central Connecticut, major highways, and additional amenities.
Fantastic Investment Opportunity! Rarely available, fully occupied 6-unit brick building-each unit offering 3 bedrooms and 1 bathroom. This well-maintained property features numerous updates, including renovated kitchens and bathrooms, updated flooring, fresh paint, and modern fixtures throughout. Major capital improvements have already been completed, with all furnaces and water heaters replaced within the past 8 years. The roof and thermopane windows are approximately 12 years old. The property offers a private driveway with ample off-street parking for up to 9 vehicles and is fully fenced for added privacy. Each unit has separate utilities, with tenants responsible for, helping to minimize owner expenses. Rents are currently below market, presenting a strong value-add opportunity with upside potential. Current cap rate is approximately 8%. Ideally located within walking distance to downtown, shops, restaurants, and public transportation, and just minutes to Walnut Park, The Hospital of Central Connecticut, major highways, and additional amenities.
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